Guesthouse, A Coffee Shop And An Art Gallery

[SunbeltAsiaAdvisor]

Guesthouse, a Coffee Shop and an Art Gallery

Location: Phuket

Listing ID# BKK14050

1,400,000THB

BUSINESS SUMMARY

This Phuket enterprise consists of a Guesthouse, a Coffee Shop and an Art Gallery. Located at a strategic busy intersection in Phuket town, the business benefits from 80 percent average occupancy rates all year round. This means that annual receipts totalling roughly 1,800,000 baht are yielding annual net profits of approximately 1,100,000 baht. The owner has just secured a well paid job in another city, and this has forced his decision to sell at little more than annual earnings. Or, to put it another way, the business is being offered for less than asset value (assets worth around 2,000,000 baht will be included in the sale).

Total floor space measures 350 square metres, and three huge rooms with modern interiors take pride of place. There is a spacious, professional kitchen sitting virtually unused at present. The coffee shop is only serving drinks, and the owner is convinced that the implementation of a diverse menu would increase cash flow appreciably. Rent is payable at a rate of 36,300 baht per month on a lease that runs until 2014, when a renewal option for another five years kicks in. The owner is looking to transfer the business at the earliest opportunity, so that he can concentrate on his new job, and the establishment has therefore been priced to sell. Asking price: 1,400,000 baht.

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